According to Michael Panzner, the US is less than two years away from ""financial Armageddon.""  When the stock market bubble burst in March 2000, the collapse that followed wiped out over two-thirds of the value of the technology-laden Nasdaq Index and decimated the hopes and dreams of millions of Americans. 

 

Now, imagine not one, but four such disasters looming on the horizon.  Four key elements--Debt, Derivatives, Government Guarantees, and the Retirement system--are quickly unraveling, and because they are so intricately connected, there will be an unremitting domino effect.  With time running out, this is a disaster-in-the-making on which every American must be informed so they can protect themselves, their families, and their economic well-being before it's too late.

 

Advance Praise for Financial Armageddon:

 

“Michael Panzner fluently describes the build-up of financial risk on a number of frontsfrom credit derivatives through to the governments long-term fiscal problemsand imagines how a future crisis might develop. A breathtaking and coherent vision of financial disaster.”

Edward Chancellor, author, Devil Take the Hindmost: A History of Financial Speculation

 

“The end of the credit bubble, derivatives excesses, unfulfilled government promises and the upcoming retirement squeeze will provide investors with their greatest challenge since the 1930s. Financial Armageddon lays out the blueprint for what will happen and how to best prepare yourself and protect your loved ones.”

David Tice, President and Fund Manager, Prudent Bear Funds

 

“A wonderful, entertaining, and easy-to-digest account of some very disturbing economic and financial trends….Panzner has done a great service to reveal the truth, which the over-paid Wall Street crowd and the government have conspired to hide from the ‘working man.”   

Marc Faber, Managing Director, Marc Faber Limited

 

“Our country faces many large financial problems which the media largely ignores. Financial Armageddon alerts you to the painful scenarios that may lie ahead, including the worst case outcome. It may not come to pass, but you will not be caught off guard if it does.”

William A. Fleckenstein, President, Fleckenstein Capital, and MSN Money columnist

 

“Too busy cutting down trees, people fail to see whats happening to the forest. Panzner, however, is one of the few people I know who can deal with day-to-day Wall Street action and yet have a big picture perspectivea picture he paints in Financial Armageddon as one that should terrify us.”

Bill Cara, BillCara.com (Forbes Favorite, 2006)

 

“Timely, accessible…Readers who follow Panzners advice will be among the few who successfully weather the storm ahead.”

John Rubino, co-author, The Coming Collapse of the Dollar and How to Profit from It

 

“The definitive work on our economic future. Read it now or dwell on the consequences later.”

Bruce Stratton, SafeHaven.com

 

“An absorbing report on the gruesome inner workings of the Frankenstein Finance monster that is dragging the rest of our economy into a dark future.”

James Howard Kunstler, author, The Long Emergency

 

“A Magnum Opus of the facts and figures of the astounding monetary and fiscal stupidities of the last decade, the incredible financial ignorance, intellectual sloth and shameful gluttony of the public, and the despicable, pandemic corruptions that made it all possible, all perfectly intertwined with timeless economic wisdom.”

Richard Daughty, the Mogambo Guru

Panzner ("a 25-year veteran of the global stock, bond, and currency markets") warns that Americans face a devastating economic cataclysm that comes out of the fourfold threat of towering public and private debt, a collapsing retirement system, a vulnerable financial system, and the destabilizing effects of derivatives. He describes each of these threats in laymen's language and speculates on the likely economic, financial, social, and geopolitical fallout, finally concluding with advice on defenses, including planning, investments, relationships, and lifestyles. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)

“Michael Panzner fluently describes the build-up of financial risk on a number of frontsfrom credit derivatives through to the governments long-term fiscal problemsand imagines how a future crisis might develop. A breathtaking and coherent vision of financial disaster.”

Edward Chancellor, author, Devil Take the Hindmost: A History of Financial Speculation

 

“The end of the credit bubble, derivatives excesses, unfulfilled government promises and the upcoming retirement squeeze will provide investors with their greatest challenge since the 1930s. Financial Armageddon lays out the blueprint for what will happen and how to best prepare yourself and protect your loved ones.”

David Tice, President and Fund Manager, Prudent Bear Funds

 

“A wonderful, entertaining, and easy-to-digest account of some very disturbing economic and financial trends….Panzner has done a great service to reveal the truth, which the over-paid Wall Street crowd and the government have conspired to hide from the ‘working man.”   

Marc Faber, Managing Director, Marc Faber Limited

 

“Our country faces many large financial problems which the media largely ignores. Financial Armageddon alerts you to the painful scenarios that may lie ahead, including the worst case outcome. It may not come to pass, but you will not be caught off guard if it does.”

William A. Fleckenstein, President, Fleckenstein Capital, and MSN Money columnist

“Too busy cutting down trees, people fail to see whats happening to the forest. Panzner, however, is one of the few people I know who can deal with day-to-day Wall Street action and yet have a big picture perspectivea picture he paints in Financial Armageddon as one that should terrify us.”

Bill Cara, BillCara.com (Forbes Favorite, 2006)

 

“Timely, accessible…Readers who follow Panzners advice will be among the few who successfully weather the storm ahead.”

John Rubino, co-author, The Coming Collapse of the Dollar and How to Profit from It

 

“The definitive work on our economic future. Read it now or dwell on the consequences later.”

Bruce Stratton, SafeHaven.com

 

“An absorbing report on the gruesome inner workings of the Frankenstein Finance monster that is dragging the rest of our economy into a dark future.”

James Howard Kunstler, author, The Long Emergency

 

“A Magnum Opus of the facts and figures of the astounding monetary and fiscal stupidities of the last decade, the incredible financial ignorance, intellectual sloth and shameful gluttony of the public, and the despicable, pandemic corruptions that made it all possible, all perfectly intertwined with timeless economic wisdom.”

Richard Daughty, the Mogambo Guru

According to Michael Panzner, the US is less than two years away from ""financial Armageddon."" When the stock market bubble burst in March 2000, the collapse that followed wiped out over two-thirds of the value of the technology-laden Nasdaq Index and decimated the hopes and dreams of millions of Americans. Now, imagine not one, but four such disasters looming on the horizon. Four key elements--Debt, Derivatives, Government Guarantees, and the Retirement system--are quickly unraveling, and because they are so intricately connected, there will be an unremitting domino effect. With time running out, this is a disaster-in-the-making on which every American must be informed so they can protect themselves, their families, and their economic well-being before it's too late.

Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets who has worked in New York and London for HSBC, Soros Funds, ABN Amro, Dresdner Bank, and J.P. Morgan Chase.

 

He is the author of The New Laws of the Stock Market Jungle: An Insider's Guide to Successful Investing in a Changing World, and a regular contributor to prudentbear.com, financialsense.com, and safehaven.com. He is also a New York Institute of Finance faculty member and a graduate of Columbia University.

 

He has appeared on or been quoted by CNBC, Bloomberg, The Wall Street Journal, USA Today, Barron's and other print, radio, and television outlets.